Woori Bank (NYSE:WF) Issues Earnings Results, Misses Expectations By $0.04 EPS

Woori Bank (NYSE:WF) announced its quarterly earnings results on Wednesday. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04), Zacks reports. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%.The firm had revenue of $367.58 million for the quarter, compared to analysts’ expectations of $1.84 billion.

Woori Bank Price Performance

WF traded down $3.21 on Friday, hitting $65.20. 11,150 shares of the company’s stock were exchanged, compared to its average volume of 74,938. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $84.71. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.72 and a beta of 1.10. The firm has a 50-day moving average price of $66.92 and a 200-day moving average price of $59.38. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Woori Bank by 50.7% in the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after acquiring an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Woori Bank by 67.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after purchasing an additional 21,016 shares during the period. Geode Capital Management LLC purchased a new position in Woori Bank in the second quarter worth approximately $240,000. JPMorgan Chase & Co. raised its holdings in shares of Woori Bank by 40.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock valued at $4,000,000 after purchasing an additional 23,020 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Woori Bank by 133.3% in the second quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock valued at $435,000 after buying an additional 4,996 shares in the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WF shares. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded Woori Bank from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, Woori Bank currently has an average rating of “Strong Buy”.

About Woori Bank

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.